After watching the class of 2009 struggle through one of the worst job markets in history, this year’s college graduates now find themselves in a similar boat.
While 2010 graduates are seeing their job prospects slightly improve compared with last year’s class, there’s still much more that needs to be done.
The National Association of Colleges and Employers spring job outlook survey found employers plan to increase college hiring by about 5 percent this year over 2009, when job offers were down 20 percent from 2008 levels. Average starting salaries are down almost 2 percent.
“It certainly hasn’t been a great year,” said Tim Stiles, associate director of University Career Services at the University of North Carolina-Chapel Hill.
According to data from the Bureau of Labor Statistics, the unemployment rate for college graduates under the age of 25 has doubled to around 8 percent since the recession began. That’s high for college graduates, who normally have a lower unemployment rate than those without bachelor’s degrees.
Read the full story at The Hill.
Andrew Stiles is a SFPA fellow. During the summer of 2010, he interned at The Hill. Find more about Andrew here.
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